In a Chapter 7 proceeding, the bankruptcy trustee collects the debtor's estate and reduces it to cash, preserving the interests of the debtor and creditors.
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Q5: Each state permits a debtor in bankruptcy
Q6: Businesses must be technically insolvent to file
Q7: In a Chapter 7 proceeding, at a
Q8: If there is a presumption of abuse,
Q9: If a debtor's income falls below the
Q11: Once a bankruptcy petition is properly filed,
Q12: The basic duty of a bankruptcy trustee
Q13: Anyone obligated to a creditor can declare
Q14: A debtor cannot defend against an involuntary
Q15: Because the purpose of a Chapter 7
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